Novated Lease Benefits

Why You Should Choose a Novated Lease Instead of Buying a Car

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If you are in need of a new vehicle to drive, you might be thinking about heading to your local dealership and applying for a loan to purchase a vehicle. However, if your employer offers a novated lease program, this might be something that you will want to look into instead. These are a few reasons why a novated lease can be a better option for many people than actually purchasing a car.

Drive a Brand New Car

If you are thinking about buying a vehicle, you might not be thinking about buying one that is brand new. After all, you could be concerned about things like the cost of depreciation and the higher loan payments. With Novated Lease Stratton Finance however, driving a brand new car that is fresh off the lot can be an option for you. If you’d love to drive something that is bright and shiny and that has all of the newest and best features, then you might find that leasing through a program with your employer is the way to go.

Avoid Worrying About Things

Buying a car can be a good thing in some ways, but it can also be a big responsibility. After all, you have to worry about everything from depreciation to car maintenance, all of which can be costly and stressful. By leasing a car with a novated lease, you can avoid worrying about all of these little extras. Things like car maintenance are often included in the lease, so you will have a lot fewer things to worry about. Instead, you can just focus on enjoying the car.

Make Better Use of Your Income

A novated lease can allow you to make better use of your income. If you go out and buy a car, you will have to use your after-tax income to pay for it. If you choose to participate in a novated lease program, however, you can use a combination of your pre-tax and after-tax income to pay for it. This can be a good way to make your money stretch, even without getting a raise.

As you can see, a novated lease program can be a good idea for many drivers. If this is something that your employer offers, you may want to look into it instead of just going out and buying a car. If your employer does not offer this type of program, you might just want to ask if this is something that your company will be willing to implement. Then, you can enjoy these benefits and more.